Japanese messaging app firm Line Corp has held off on setting a tentative price range for its initial public offering (IPO) by one day, until Tuesday, the company said in a regulatory filing, citing the “market environment”.
The IPO price range was originally scheduled to be announced on Monday. Line still plans to list in New York on July 14 and in Tokyo the following day, the filing showed.
On Friday, the S&P 500 fell 3.6 percent, its biggest one-day drop in 10 months, and Japan’s broad Topix index slid 7 percent after Britain voted to exit the European Union.
The equity market in Japan recovered somewhat on Monday as the Topix closed up 1.8 percent, but the delay will allow the company to assess the market in New York and London on Monday before setting the tentative price range, a Line spokesman told Reuters.
Earlier this month, the company announced plans to sell 35 million new shares in an IPO, which would raise 98 billion yen ($963 million) at its initial reference price of 2,800 yen per share.
Line’s listing will go ahead according to its planned schedule, the company said on Friday.
Companies around the world are wrestling with the aftermath of the Brexit vote, which is likely to delay or disrupt upcoming takeovers and initial public offerings. Companies with direct exposure to the British economy are more likely to see their deals scuppered compared with those who are just caught up in global market volatility.
Line has little direct exposure to Britain or Europe. Its main markets are Japan, Indonesia, Taiwan and Thailand.
Line delayed its IPO by two years, buying time to fix weaknesses in weak financial reporting controls, bolster staffing and develop its business plan. But in doing so, it left billions of dollars on the table as its valuation shriveled.
The revamped EU-U.S. Privacy Shield was sent to EU member states overnight, according to a report from Reuters. Privacy Shield would govern how multinational companies handle the private data of EU residents.
Member states are expected to vote on the proposal in July, unnamed sources told Reuters. Representatives of the EU and the U.S. Department of Commerce didn’t immediately respond to requests for comments on the reported deal.
Critics of Privacy Shield, including European privacy regulators, have said the deal is too complex and fails to reflect key privacy principles.
The new language sent to member states includes stricter data-handling rules for companies holding Europeans’ information, Reuters reported. The new proposal also has the U.S. government explaining the conditions when they would collect data in bulk, according to the report.
Negotiators on both sides of the Atlantic have been rushing to craft a new trans-Atlantic data transfer agreement since the Court of Justice of the European Union struck down Safe Harbor, the previous transfer pact, last October.
The court ruled that Safe Harbor didn’t adequately protect European citizens’ personal information from massive and indiscriminate surveillance by U.S. authorities. Safe Harbor had been in place since 2000.
The Intel Security business came largely from the company’s acquisition for $7.7 billion of security software company McAfee. Intel announced plans to bake some of the security technology into its chips to ensure higher security for its customers.
With the surge in cyberthreats, providing protection to the variety of Internet-connected devices — such as PCs, mobile devices, medical gear and cars — requires a fundamentally new approach involving software, hardware and services, the company said in February 2011, when announcing the completion of the McAfee acquisition.
Intel has been talking to bankers about the future of its cybersecurity business for a deal that would be one of the largest in the sector, reported The Financial Times, citing people close to the discussions. It said a group of private equity firms may join together to buy the security business if it is sold at the same price or higher than what Intel paid for it.
“I could see them selling a piece of the service, but not all security capabilities,” said Patrick Moorhead, president and principal analyst at Moor Insights & Strategy.
“Intel has a decent security play right now and security is paramount to the future of IoT,” Moorhead said. “Hardware-based security is vital to the future of computing.”
Intel is declining to comment on the report, a company spokeswoman wrote in an email.
The US is clearly embarrassed the Chinese Sunway TiahuLight system is leading the supercomputer arms race. Now the Department of Energy’s (DOE) Oak Ridge National Laboratory has announced that is having a new IBM system, named Summit, delivered in early 2018 that will now be capable of 200 peak petaflops.
That would make it almost twice as fast as TaihuLight. The Summit will be based around IBM Power9 and Nvidia Volta GPUs. Summit use only about 3,400 nodes. Each node will have “over half a terabyte” of coherent memory (HBM + DDR4), plus 800GB of non-volatile RAM that serves as a burst buffer or extended memory.
IBM are not the only ones worried about the Chinese getting ahead on speed. Cray announced this week its Cray XC systems are now available with the latest Intel Xeon Phi (Knights Landing) processors.
The company said the new XC systems, which feature an adaptive design that supports multiple processor and storage technologies in the same architecture, deliver a 100 per cent performance boost over prior generations. Cray also unveiled the Sonexion 3000 Lustre storage system, which can deliver speeds of almost 100GB/sec in a single rack. These should be rather good at number crunching too.
Basically this means that the hardware can be used by the OPNFV collaborative open source community to accelerate the delivery of cloud-enabled networks and applications.
Nokia said the OPNFV Lab will be a testbed for NFV developers and accelerates the introduction of commercial open source NFV products and services. Developers can test carrier-grade NFV applications for performance and availability.
Nokia is making its AirFrame Data Center Solution available as a public OPNFV Lab with the support of Intel, which is providing Intel Xeon processors and solid state drives to give communications service providers the advantage of testing OPNFV projects on the latest and greatest server and storage technologies.
The Nokia AirFrame Data Center Solution is 5G-ready and Nokia said it was the first to combine the benefits of cloud computing technologies to meet the stringent requirements of the telco world. It’s capable of delivering ultra-low latency and supporting the kinds of massive data processing requirements that will be required in 5G.
Morgan Richomme, NFV network architect for Innovative Services at Orange Labs, OPNFV Functest PTL, in a release. “NFV interoperability testing is challenging, so the more labs we have, the better it will be collectively for the industry.”
AT&T has officially added Nokia to its list of 5G lab partners working to define 5G features and capabilities. It’s also working with Intel and Ericsson.
Apple announced that is will discontinue its Thunderbolt Display, the high-resolution external display that users of the MacBook and other Macs could use to get a better picture and work with more apps.
The company said Thursday that the 27-inch widescreen display with LED backlight technology will be available on Apple’s online store, in Apple retail stores and from authorized resellers while supplies last.
The Thunderbolt Display currently retails on the Apple online store at $999. It has a 2560 x 1440 resolution.
It isn’t clear whether Apple plans to follow with newer versions that use 5K resolution displays at 5120 by 2880 pixels, which is the display technology Apple uses on its high-end iMac. There was speculation earlier that a new version would be announced at the company’s Worldwide Developers Conference this month.
An Apple spokeswoman declined to comment on whether Apple planned to offer a refresh to the display.
Apple said in an emailed statement that “there are a number of great third-party options available for Mac users.”
Safari 10 was introduced earlier this month as part of macOS Sierra, this year’s operating system upgrade.
Apple typically supports its newest browser on three editions of macOS: The latest version and its two predecessors. The now-current Safari 9, for example, receives updates, including security patches, on last year’s El Capitan, 2014′s Yosemite and 2013′s Mavericks.
Safari 10 will be supported on Sierra, El Capitan and Yosemite. Meanwhile, Mavericks will remain on Safari 9.
The Safari 10 preview is currently available only to registered Apple developers, who pay $99 annually for access to early builds, development tools and documentation.
The general public will get its first look at Safari 10 next month after Apple opens up its broader-based public beta program for Sierra. Those who have signed on to the beta preview will also be able to download preliminary versions of Safari 10 for El Capitan and Yosemite, running the preview browser but sticking with their older, more stable operating systems.
Some of Safari 10′s signature features will be available only within macOS Sierra, including web-based Apple Pay — where payment is authorized with an iPhone or Apple Watch — but others will be supported by older versions of the operating system. Among the most notable are the new ability for developers to distribute and sell Safari add-ons in the Mac App Store, and easy portability of iOS content blockers to macOS.
If Apple replicates last year’s beta schedule, it will release the first public preview of macOS Sierra and Safari 10 around July 14.
Robots that work as assistants in unison with people are set to upend the world of industrial robotics by putting automation within reach of many small and medium-sized companies for the first time, according to industry experts.
Collaborative robots, or “cobots”, tend to be inexpensive, easy to use and safe to be around. They can easily be adapted to new tasks, making them well-suited to small-batch manufacturing and ever-shortening product cycles.
Cobots can typically lift loads of up 10 kilograms (22 lb) and can be small enough to put on top of a workbench. They can help with repetitive tasks like picking and placing, packaging or gluing and welding.
Some can repeat a task after being guided once through the process by a worker and recording it. The price of a cobot can be as little as $10,000, although typically they cost two to three times that.
The global cobot market is set to grow from $116 million last year to $11.5 billion by 2025, capital goods analysts at Barclays estimate. That would be roughly equal to the size of the entire industrial robotics market today.
“By 2020 it will be a game-changer,” said Stefan Lampa, head of robotics of Germany’s Kuka, during a panel discussion organized by the International Federation of Robotics (IFR) at the Automatica trade fair in Munich.
Growth in industrial robot unit sales slowed to 12 percent last year from 29 percent in 2014, the IFR said on Wednesday, weighed by a sharp fall in top buyer China.
The world’s top industrial robot makers – Japan’s Fanuc and Yaskawa, Swiss ABB and Kuka – all have collaborative robots on the market, although sales are not yet significant for them.
But the market leader and pioneer is Denmark’s Universal Robots, a start-up that sold its first cobot in 2009 and was acquired by U.S. automatic test equipment maker Teradyne for $285 million last year.
A few months back Nick wrote about AMD Zen processor found in a Linux Kernel Mailing List confirming that Zeppelin had support for eight bundles of four cores on a single chip, or 32 physical processing cores.
This tied in with a story written in August of 2015 about a MCM Multi Chip module that featured a Zeppelin core, a super-fast 100GB/s interconnection via 4 GMI links and Greenland (Vega) high performance GPU with 4+ TFlops of performance. This APU will still happen, it will just be a bit later – the end of 2017.
Now we have a few more details about Zeppelin cluster and this is proving to be another “Fudzilla told you so” moment. Apparently you can put up to four Zeppelin CPU clusters on a one chip and make a 32 core chip. This will be connected via coherent interconnect (coherent data fabric).
Each Zeppelin module has eight Zen cores and each Zen core has 512 KB of L2 cache. Four Zen cores share 8MB or L3 cache making the total amount of L3 cache per Zeppelin cluster 16 MB.
Each Zeppelin cluster will have PCIe Gen 3, SATA 3, and a 10GbE network connection. A server version of the chip has the server controller hub, DDR4 memory controller and AMD secure processors.
AMD will have at least three pin compatible versions of the next generation Opteron using Zeppelin cluster of Zen cores. There will be a 8 core versions with single Zeppelin cluster, dual Zeppelin cluster version and a quad Zeppelin version, that one that we have called Naples which will have 64MB L3 cache. All this sounds rather a lot.
We are expecting to see Zen-based Opterons in eight, sixteen and thirty two core versions for servers in 2017.
“The device business must be profitable, because we don’t want to run a business that drags onto the bottom line,” Chief Executive John Chen told investors at the company’s annual meeting. “We’ve got to get there this year.”
Chen has previously said a decision would be made by September on the future of the unit, which has suffered a sustained drop in sales in recent quarters.
But at the meeting, attended by around 100 people, he said he sees better opportunity in providing services that enable increasingly commoditized hardware to do more.
“I don’t personally believe handsets will be the future of any company,” he said.
BlackBerry, once the smartphone market leader before being displaced by Apple Inc and competitors run on Alphabet Inc’s Android platform, has worked to reposition itself as a software and service provider focused on device management for large organizations.
In its presentation to investors, the company said it expects the broader market for types of software it is producing to expand to $17.6 billion by 2019, from $525 million in 2012 and below $4 billion in 2015, powered by growth in medical, legal, financial and automotive industries.
But some of those in attendance were skeptical about BlackBerry’s ability to deliver on its strategic pivot.
“The first word that comes to mind is lackluster,” said one shareholder at the meeting who declined to give his name. “Time is running out.”
Chen reiterated that BlackBerry wants to grow its software revenue by 30 percent in this fiscal year, which he estimated would be double overall market growth, and to notch positive free cash flow.
BlackBerry is due to report first quarter results on Thursday.
Chen took up the CEO role in 2013 with a reputation as a turnaround artist. But the company’s stock has only risen modestly since then, with many investors waiting for signs the now-smaller company will be able to carve out new opportunities.
“I appreciate the strategy,” said Ken Tota, an investor in BlackBerry’s biggest shareholder, Fairfax Financial Holdings Ltd. He said he was optimistic a renewed focus on security could help reinvigorate BlackBerry over the next five years.
“It’s a niche, but it’s a worldwide niche,” he said.
The malware, dubbed Godless, has been found lurking on app stores including Google Play, and it targets devices running Android 5.1 (Lollipop) and earlier, which accounts for more than 90 percent of Android devices, Trend Micro said Tuesday in a blog post.
Godless hides inside an app and uses exploits to try to root the OS on your phone. This basically creates admin access to a device, allowing unauthorized apps to be installed.
Godless contains various exploits to ensure it can root a device, and it can even install spyware, Trend Micro said.
A newer variant can also bypass security checks at app stores like Google Play. Once the malware has finished its rooting, it can be tricky to uninstall, the security firm said.
Trend Micro said it found various apps in Google Play that contain the malicious code.
“The malicious apps we’ve seen that have this new remote routine range from utility apps like flashlights and Wi-Fi apps, to copies of popular game,” the company said.
Some apps are clean but have a corresponding malicious version that shares the same developer certificate. The danger there is that users install the clean app but are then upgraded to the malicious version without them knowing.
So far, Trend says it has seen 850,000 affected devices, with almost half in India and more in other southeast Asian countries. Less than 2 percent were in the U.S.
Facebook has signed nearly 140 deals, including with CNN, the New York Times, Vox Media, Tastemade, Mashable and the Huffington Post, the Journal reported on Tuesday, citing a document.
Comedian Kevin Hart, celebrity chef Gordon Ramsay, wellness guru Deepak Chopra and NFL quarterback Russell Wilson are among the celebrities that Facebook has partnered with.
“We have an early beta program for a relatively small number partners that includes a broad range of content types from regions around the world,” Justin Osofsky, the vice president of global operations and media partnerships at Facebook, said in an email.
“We wanted to invite a broad set of partners so we could get feedback from a variety of different organization about what works and what doesn’t.”
The document shows that Facebook’s deal with online publisher BuzzFeed has the highest value at $3.05 million, the Journal said, followed by the New York Times at $3.03 million and CNN at $2.5 million.
Twitter has been quite vocal regarding its interest in machine learning in recent years, and earlier this week the company put its money where its mouth is once again by purchasing London startup Magic Pony Technology, which has focused on visual processing.
“Magic Pony’s technology — based on research by the team to create algorithms that can understand the features of imagery — will be used to enhance our strength in live [streaming] and video and opens up a whole lot of exciting creative possibilities for Twitter,” Twitter cofounder and CEO Jack Dorsey wrote in a blog post announcing the news.
The startup’s team includes 11 Ph.Ds with expertise across computer vision, machine learning, high-performance computing and computational neuroscience, Dorsey said. They’ll join Twitter’s Cortex group, made up of engineers, data scientists and machine-learning researchers.
Terms of the deal were not disclosed.
The acquisition follows several related purchases by the social media giant, including Madbits in 2014 and Whetlab last year.
Sony Pictures Animation has announced that it will produce an animated movie about “the secret world of our phones and the beloved characters that have become daily necessities in global interpersonal communication.”
“Emojimovie: Express Yourself” is due in August 2017. It will be written by Eric Siegel and Anthony Leondis and directed by Leondis. He previously wrote and directed “Lilo & Stitch 2: Stitch Has a Glitch” and “Igor.”
Deadline had earlier reported that Sony beat out two other movie studios bidding for the movie, paying “near seven figures” for the title.
So what emojis might make the cut and appear in the movie? The smiley seems the likely star and is the most-used emoji in every country except France, according to a SwiftKey study published in 2015. In France, the heart emoji is the favorite.
Emojis first appeared on cell phones in 1999 when NTT DoCoMo launched its i-Mode wireless Internet service in Japan. Since then, they have spread worldwide and are available on all modern smartphones, messaging systems and computers.
Emojis’ Japanese roots explain some of the stranger characters, which might mean little to people in the West but related to some important cultural festivals, food or other aspects of Japanese life.
Trailing its competitors after past mistakes on wireless technology standards, Samsung Electronics Co Ltd aims to become a global top-three player in 5G mobile networks by moving quickly in markets like the United States, an executive said.
The world’s top smartphone maker ranks well behind peers such as Nokia Corp, Huawei Technologies Co Ltd and Ericsson in the networks business, after backing CDMA and WiMax wireless technologies that never caught on globally.
The South Korean giant now sees an opportunity to catch up by moving fast and early on 5G, the wireless technology that telecom equipment makers are rushing to develop as the next-generation standard.
“We plan to move quickly and want to be at least among the top three with 5G,” Kim Young-ky, Samsung’s network business chief, told Reuters in an interview.
“It’s important to get in early.”
5G wireless networks could offer data speeds tens of times faster than 4G technology, enabling futuristic products such as self-driving cars and smart-gadgets that tech firms expect to become ubiquitous in the homes of tomorrow.
Major network firms are targeting the United States as it moves rapidly ahead with plans to open spectrum for 5G wireless applications. Some U.S. officials expect to see the first large-scale commercial deployments by 2020.
Samsung is targetting more than 10 trillion won ($8.6 billion) in annual sales of 5G equipment by 2022, a spokeswoman said.
This would be a big step up for a networks business that generated less than 3 trillion won in revenue last year, compared with 100.5 trillion won in mobile device sales.
Crucial to its plans is a partnership with New York-based Verizon Communications Inc to commercialize the technology. Other firms working with Verizon on 5G include Nokia, Ericsson, Qualcomm and Intel Corp.
Verizon conducts field tests this year and aims to begin deploying 5G trials on home broadband services in 2017 in the United States, likely the first 5G application commercially available before a broader mobile network standard is agreed.
Samsung – which was a distant fifth player in the global 4G infrastructure market in January-March, according to researcher His – declined to comment on what clients it expected to receive 5G equipment orders from.